2516 E Anaheim St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,000,000 USD
707-225-2402
2516 E Anaheim St, Long Beach, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/8
null | 6.8% Cap Rate

2516 E Anaheim St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Attractive Garden-Style Apartment
  • Estimated ± 39% Future Upside
  • $181k PPU/$293 a Foot
  • Majority Two Bedroom Floorplans/New Electrical Panels
  • Over 8% Cash on Cash
  • 6.8% CAP RATE/ 9.43 GRM

OVERVIEW

We are pleased to present our newest listing at 2516 E Anaheim St, an 11-unit garden-style apartment community located in the heart of Long Beach’s rapidly evolving Zaferia District. Offered at $181,000 per unit ($293 per square foot), this investment provides a compelling 6.8% CAP rate, 9.43 GRM, and an over 8% cash-on-cash return. The property features a desirable unit mix, with the majority consisting of spacious two-bedroom floorplans, and presents investors with an estimated ±39% future rental upside. Recent upgrades, including new electrical panels, provide a solid foundation for future value-add improvements. Positioned along a high-traffic corridor near local shops, restaurants, and transit options, 2516 E Anaheim St offers strong in-place income with significant long-term growth potential—a rare opportunity to acquire a well-located asset in a supply-constrained coastal market.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,818

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

LBCCP

APN/PARCEL ID

7260-029-024

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.